Stevanato Group S.p.A. (NYSE:STVN) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of brokerages recently issued reports on STVN. Bank of America increased their target price on shares of Stevanato Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Morgan Stanley reaffirmed an "equal weight" rating and set a $23.00 price objective (down previously from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd. Finally, Wolfe Research started coverage on Stevanato Group in a report on Friday, December 13th. They issued an "outperform" rating and a $28.00 target price on the stock.

Stevanato Group Stock Performance

Shares of STVN traded up €0.30 ($0.31) during mid-day trading on Tuesday, hitting €24.04 ($24.78). The company's stock had a trading volume of 248,400 shares, compared to its average volume of 305,425. Stevanato Group has a one year low of €16.56 ($17.07) and a one year high of €34.73 ($35.80). The stock's 50-day moving average is €20.98 and its two-hundred day moving average is €20.11. The firm has a market capitalization of $7.10 billion, a PE ratio of 51.15, a price-to-earnings-growth ratio of 10.49 and a beta of 0.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81.

Stevanato Group (NYSE:STVN - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported €0.12 ($0.12) earnings per share for the quarter, missing the consensus estimate of €0.13 ($0.13) by (€0.01) (($0.01)). Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The company had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. During the same quarter in the previous year, the business posted $0.16 EPS. The firm's quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Stevanato Group will post 0.5 EPS for the current year.

Hedge Funds Weigh In On Stevanato Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STVN. Natixis Advisors LLC raised its holdings in shares of Stevanato Group by 27.3% in the second quarter. Natixis Advisors LLC now owns 42,674 shares of the company's stock valued at $783,000 after purchasing an additional 9,146 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Stevanato Group by 324.2% in the 2nd quarter. TD Asset Management Inc now owns 108,853 shares of the company's stock valued at $1,996,000 after acquiring an additional 83,191 shares in the last quarter. Thornburg Investment Management Inc. increased its position in shares of Stevanato Group by 279.1% in the second quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company's stock valued at $13,690,000 after acquiring an additional 549,378 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Stevanato Group by 59.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,941 shares of the company's stock worth $219,000 after acquiring an additional 4,441 shares in the last quarter. Finally, Blair William & Co. IL acquired a new position in Stevanato Group during the second quarter valued at approximately $387,000.

About Stevanato Group

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.